In their latest commentary, the Cetera Investment Management Team discusses the factors causing market volatility and recession fears. Like an episode of Stranger Things, stock markets appear to be in the upside down world. A world where bad news can be good news and good news can be bad news. On Friday, the Labor Department reported that the unemployment rate fell to 3.5% and the U.S. economy added 263,000 jobs (more than expected) in September. One would think this is good news, but it can become bad news if it gives the Federal Reserve more confidence that it can raise interest rates even more and keep a relatively strong labor market.
As always, please reach out to the office if you have any questions.
The Upside Down World - When Good News is Bad News
October 10, 2022